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MSNBC
Dec 27, 2012 3:00am PST
the spending cuts. what happens if we go off the fiscal cliff for a few days. >> not much is my understanding. it's much more what the market psyche will do and with respect with the tax hikes and cuts, the hit people take is not as much as the rhetoric suggested early on. what weather it's enough to get back to negotiating things, i agree with you that we will go over the deadline. that's the big question of what kind of political ramifications we will have. you will have a chunk more on the payroll. there is a cut because of the sequestration. >> all of us are aware that most people at the top of fortune 500 companies look at these claims saying this is ridiculous. you couldn't run any business the way they try to run the country. is there any immediate impact on the markets next week with their inability to get anything done? >> yes. that's the biggest impact by far. yes, the payroll tax will take effect and that will be one of the most immediate things we see, but it takes two weeks to adjust your paychecks and spend more time repairing and restoring and trying to solve that. the market d
Search Results 0 to 0 of about 1